It is regarded as best practice in regard to the composition of audit committees to:
A)have an executive director as chairperson.
B)have the internal auditor as a member.
C)have the external auditor as a member.
D)none of the above are regarded as best practice in regard to the composition of audit committees.

Question

Quizplus · Accepted Answer

Audit committees should be composed of independent non-executive directors, and it is not best practice to have executive directors, internal auditors, or external auditors as members.

It Is Regarded as Best Practice in Regard to the Composition